KTFA Wednesday Early PM Comments 3-8-17

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KTFA Wednesday Early PM Comments 3-8-17

Post  Admin on Thu Mar 09, 2017 4:34 am

3/8/2017



Post From KTFA
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KTFA Wednesday Early PM Comments 3-8-17

Doodle Bug:    Okay Family, let's talk about the Elephant in the Room, shall we?  Early today a member posted about the CBI Auction price had been populated with a rate of 1184.  My apologies to the Member, I don't remember who but Kudo's to you!

Personally, i'm not freakin' out about this because the IMF is in town so something is up and we do have two pages of Final Articles that tell us what they are doing.  

Oh, and last but not least, don't forget all the wonderful CC's and Team Chat's that we have had with Frank!  
​...
Doodle Bug:   AnyWhoDeeHaw...I do have questions though and thought I would open this up to the Forum because we all learn from one another.

I noticed that last year, the spread between Auction and Market was 8.95% on December 29th, 2016. Today, the difference between the two is 6.329%.

The Remittance cells are still not populated.  Anyone care to comment on their thoughts why the Auction Price was populated today?

Gfulcher66:    IMO the IMF comes into town and says hey this is against the rules so fix it with a flub rate until you can put up the real numbers. Otherwise the other forums will catch up to KTFA and ... lol   It will change just that fast for what we all want to see

MexSal:    Well that might be the reason. Monday's CC Frank mentioned they are under GDDS so maybe they needed to have any rate up there.

don961 said (Post #333)   Full details of the meeting a number of the Iraqi private sector representatives with the International Monetary Fund

http://iraqtoday.com/news/6734/link

Family, sounds like they are going over the Memorandum on Economic and Financial Policies (MEFP) and the Technical Memorandum of Understanding (TMOO).  If you need a refresher,

here is the link:
http://www.imf.org/external/np/loi/2016/irq/06192016.pdf


Doodle Bug:    Family, sounds like they are going over the Memorandum on Economic and Financial Policies (MEFP) and the Technical Memorandum of Understanding (TMOO).  If you need a refresher, here is the link:

   http://www.imf.org/external/np/loi/2016/irq/06192016.pdf

Greenclan:   Doodle Bug,   Interesting read.  I see the dates and definition of rates....   INTERESTING



The first review should be completed on or after September 15, 2016, the second review on or after December 15, 2016, and the third review on or after March 15, 2017.

and this under definitions
B. Definitions




4. An exchange rate set at Iraqi dinar (ID) 1,180 per U.S. dollar ($) will be used for monitoring purposes. This exchange rate will be used to convert into Iraqi dinars the U.S. dollar value of all CBI foreign assets and liabilities denominated in U.S. dollars, as required.




For CBI assets and liabilities denominated in SDRs and in foreign currencies other than the U.S. dollar, they will be converted to U.S. dollars at their respective SDR-exchange rates prevailing as of May 19, 2016, as published on the IMF’s website. The same rules will be used to convert external debt related parameters.

Stranger:    Thanks DoodleBug & Greenclan...I skimmed it very lightly...34 pages...I was trying to glean something about rates also....I didn't see anything of interest or look closely enough.


2cents said (Post #344)   said (Post #331)   IMO the IMF comes into town and says hey this is against the rules so fix it with a flub rate until you can put up the real numbers. Otherwise the other forums will catch up to KTFA and ... lol

It will change just that fast for what we all want to see

As I posted before, they were reportedly using a rate of 1182 for foreign currency purchases "at the window" since the beginning of the year......the real question I have is why 1184 instead of the 1182 they have been reporting?????

Frank26:    Well done ............. For Your 2 CENTS.

Stranger said (Post #330):    They knew you were looking at it DB since Friday so Abadi said I'm gonna fix her....lol    Sorry...I couldn't resist DoodleBug!  Salamon69 Post 196 is who brought it up.

I posted later Post 269 with a couple of thoughts and basically asking Frank to address that and the Thur-Sat news he brought up yesterday.  I'm sure he will....I know he answered questions after Post 196 was posted  and was still on when I posted so I trust it will be addressed tonight and maybe it was already in Frankish Post 260.....

Stranger:  Doodle Bug,   I can't think of a good explanation ...I'll be very interested in tonight's comments.....

edited....  I see BenBlessed had the same idea...actually I think it was his dream...I didn't see you had already posted just above while I was looking up the correct posts.  Great minds think alike, ha ha!

Benblessed1:    AMEN BROTHER---THE 13TH SOUNDS GOOD TO ME TO SEE ON U.N. TREASURY RATES PENDING...THEN ON THE 15TH ....POSSIBLE POW!

THEN A FEW DAYS LATER AFTER MUCH CELEBRATION IN IRAQ- OFF TO SEE THE WIZARD...NONE OTHER THAN MY FAVORITE PRESIDENT- DONALD J. TRUMP AS HE MAKES FUNDS AVAILABLE TO DRAIN THE SWAMP!

FUNDS FOR REBUILDING OUR INFRASTRUCTURE AND FUNDS FOR MINISTRY FOR US- TO BE ABOUT OUR FATHER'S BUSINESS!

​Doodle Bug:   Stranger,  Don't just look for rates, you have to look at the overall plan/performance too.  Iraq's Economic and Political reform agenda and six key "pillars".

1) Security, Stabilization and Reconstruction,

2) Integrity and Transparency,

3) Executive Actions,

4) Legislation,

5) Selection of Senior Admin Employees and Appointment of Employees and

​6) Activation of Lending for Housing, Manufacturing and Agricultural Projects.

http://www.ktfalways.com/forum/frank26-daily-posts/frank26-03-07-2017/page-18/

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